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Economy

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sprinkleeninow

(20,650 posts)
Wed May 17, 2023, 12:02 PM May 2023

Yahoo Finance: The Democrats' long-shot plan to solve the debt-ceiling crisis [View all]

Exerpt:
House Democrats are advancing in a long-shot effort to make an end run around House Speaker Kevin McCarthy and raise the debt ceiling with the help of moderate Republicans.

An obscure bit of congressional procedure called a discharge petition was formally filed Tuesday by Rep. Brendan Boyle (D-PA), who affixed his name as the first signature with House Minority Leader Hakeem Jeffries (D-NY) signing on shortly afterwards.

Democratic leadership says “all Members are urged to sign the petition as soon as possible today.”

A discharge petition would theoretically allow a handful of moderate Republicans to team up with Democrats and put a bill to raise the debt ceiling up for a full House vote — even over the objections of McCarthy.

https://finance.yahoo.com/news/the-democrats-long-shot-plan-to-solve-the-debt-ceiling-crisis-152846711.html

[Am I having a vacillating bird over this? Yes. Yes I am.

Clarifying edit: Having a bird over potential damaging effects on SS and Medicare. Dammitall.]


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